Recommendation - APPLE INC.

Short term pick - Buy Apple Inc (APPL) @ $341.50, Target $359.90, Stop-loss $330.90

Apple Inc (APPL) is trading in higher top and higher bottom and formed the channel on daily chart. Below chart shows APPLE Inc is trading at the support level with huge volumes.

 Apple Inc. (Apple) with market cap of 315.6B, designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. It's products and services include Macintosh (Mac) computers, iPhone, iPad, iPod, Apple TV.

Call posted yesterday on twitter @snehalbrid

Marubozu Candlestick Pattern

Marubozu Candlestick: It indicates that the stock has traded in one direction throughout the trading session and closed at the day's high or low price.This candlestick pattern gives strong bull and bear signal.

• Bullish Marubozu Candlestick:
• It is formed when open - low and close - high are equal with huge volumes.
• The buyers control the price of stock from opening to closing session.

• Bearish Marubozu Candlestick:
• It is formed when close - low and open - high are equal with huge volumes.
• The sellers control the price of stock from opening to closing session.

Above charts shows that whenever Marubozu candlestick is formed ( Bullish or bearish) there is sharp rise or fall in the price. Hence it is a strong candlestick pattern and can be use in technical analysis.